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with the company attributing the growth to its business expansion.8% increase in its total operating expenses.

8 million in profit a year prior.Luckin Coffee reported a negative operating margin of 1% in the first quarter this year as the escalation of a price war in China’s coffee industry dragged the company down despite its 41.Rival Starbucks meanwhile recorded a decline of 11% in comparable store sales in China during the period.

including the opening of new stores and investments in branding and promotional activities.5% revenue growth compared to the same period in 2023.

The Chinese coffee chain posted its first quarterly loss in two years.

[Luckin Coffee statement; Starbucks earnings]possibly the best text editor youll find.

For a more robust and speedy connection.but we still like Monosnap for its simplicity and ability to upload to the cloud to share.

On Macs we also like to use MPV and Movist.RemotePC is a basic and affordable alternative.